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By Marlene Y. Satter, AdvisorOne |
November 13, 2012
International Monetary Fund Director Christine Lagarde protested the extension of the deadline for Greece to cut its debt to a “sustainable” level to 2022, saying that the target date “has to be 2020.”
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By Marlene Y. Satter, AdvisorOne |
August 23, 2012
Despite Greece's attempt to win additional time to comply with bailout conditions, Chancellor Merkel of Germany and President Hollande of France were discussing ways to send a firm message that Athens must adhere to its original conditions.
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By Marlene Y. Satter, AdvisorOne |
August 15, 2012
Prime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
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By Marlene Y. Satter, AdvisorOne |
July 30, 2012
ECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.
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By Marlene Y. Satter, AdvisorOne |
July 24, 2012
Germany, the Netherlands and Luxembourg saw their outlooks downgraded to negative by Moody’s Investors Service late Monday as debt woes in the eurozone continued to worsen.
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By Marlene Y. Satter, AdvisorOne |
July 10, 2012
Spain will be given an extra year to get its deficit reduction under control, but markets were not impressed with the action.
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By Marlene Y. Satter, AdvisorOne |
June 29, 2012
EU leaders announced that they had reached agreement on a number of provisions to combat the debt crisis, including a plan to recapitalize banks directly and easier terms for Spanish borrowing.
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By Marlene Y. Satter, AdvisorOne |
June 25, 2012
Chancellor Angela Merkel of Germany was in a tight spot as fellow eurozone leaders turned up the heat on the issue of joint debt for the bloc.
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By Marlene Y. Satter, AdvisorOne |
June 14, 2012
Moody's cut the ratings of Spain and Cyprus on Wednesday. Bond yields topped 7% for Spain, and in Italy’s first bond sale since Spain’s bailout yields surged.
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By Marlene Y. Satter, AdvisorOne |
May 25, 2012
Chancellor Angela Merkel of Germany met with resistance at home to her austerity-only position even as Prime Minister Mario Monti of Italy gave a different account of Wednesday’s summit meeting than was offered by the Luxembourg prime minister, Jean-Claude Juncker.